HOAC Foods IPO GMP, Review, Price, Allotment


Last updated on May 24, 2024


HOAC Foods IPO description – The company is engaged in the production of flour (chakki atta), herbs & spices, unpolished pulses, grains, and yellow mustard oil. HOAC Foods markets & sells its products in and around Delhi-NCR under the brand name “HARIOM” through its exclusive brand outlets. The company handpicks raw materials from various parts of the country and processes products with utmost care without using artificial preservatives or chemicals, thereby creating a product portfolio of organic spices and flour.

Currently, most of its sales are derived from Delhi-NCR region. Its franchisee network comprises of 4 company owned outlets and 6 franchisee-owned outlets, totalling 10 Exclusive Brand Outlets. This network is complemented by a sales and marketing team comprising of 12 employees, as of December 31, 2023. The company also relies on D2C platform through in-house built mobile application and website.

Its manufacturing facility is located at Bhondsi, Near Geeta Nand Ashram, Sohna, Gurugram-122012. HOAC Foods’ product portfolio comprises of 153 product SKUs of ground and blend spices, Wheat Flour (Chakki Atta).


Promoters of HOAC Foods – Mr Rambabu Thakur, Mrs Gaytri Thakur and Mr Yashwant Thakur

HOAC Foods IPO Details

HOAC Foods IPO Dates16 – 21 May 2024
HOAC Foods Issue PriceINR 48 per share
Fresh issue11,55,000 shares (INR 5.54 crore)
Offer For SaleNIL
Total IPO size11,55,000 shares (INR 5.54 crore)
Minimum bid (lot size)3,000 shares (INR 1,44,000)
Face Value INR 10 per share
Retail Allocation50%

HOAC Foods Financial Performance

 FY 2021FY 2022FY 20239M FY 2024
Net income12.8527.3358.7974.50
Figures in INR Lakh unless specified otherwise

HOAC Foods Offer News

HOAC Foods Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio15.05
RONW (%)39.8327.8737.48
ROCE (%)20.1621.9730.12
EBITDA (%)4.775.469.38
Debt/Equity 1.670.540.32
*Compiled by IPO Central from Prospectus

HOAC Foods IPO GMP Today

DateConsolidated IPO GMPKostakSubject to Sauda
23 May 20241651,72,000
22 May 20241573,53,000
21 May 20241052,25,000
20 May 2024972,17,000
18 May 2024922,01,000
17 May 2024851,65,000
16 May 2024601,35,000
15 May 20244595,000
14 May 20244593,000
13 May 20244595,000

HOAC Foods IPO Subscription – Live Updates

Shares Offered5,28,0005,34,00010,62,000
21 May 20241402.482542.101994.62
17 May 202472.09325.58199.69
16 May 202418.0482.6250.53

The market maker reservation portion of 93,000 shares is not included in the above calculations.

HOAC Foods IPO Allotment Status

HOAC Foods IPO allotment status is now available on the KFin Tech website. Click on this link to get allotment status.

HOAC Foods IPO Dates & Listing Performance

IPO Opening Date16 May 2024
IPO Closing Date21 May 2024
Finalization of Basis of Allotment22 May 2024
Initiation of refunds23 May 2024
Transfer of shares to demat accounts23 May 2024
HOAC Foods IPO Listing Date24 May 2024
Opening Price on NSE SMEINR 147 per share (up 206.25%)
Closing Price on NSE SMEINR 139.65 per share (up 190.94%)

HOAC Foods Offer Lead Manager

428, Gala Empire, Near JB Tower,
Drive in Road, Thaltej
Ahmedabad-380 054, Gujarat, India
Phone:+91 8777564648
Email[email protected]
Website: www.gyrcapitaladvisors.com

HOAC Foods Offer Registrar

Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: 91 40 6716 2222
E-mail: [email protected]
Website: www.kfintech.com

HOAC Foods Contact Details

D-498, 1st Floor Palam Extension
Sector-7 Dwarka, Raj Nagar – II, South West Delhi,
New Delhi, Delhi, India, 110077
Phone: 85272 73940
E-mail: [email protected]
Website: www.hoacfoodsindia.com


What is the HOAC Foods Issue size?

HOAC Foods offer size is INR 5.54 crores.

What is the HOAC Foods IPO price band?

HOAC Foods public offer price is INR 48 per share.

What is the lot size of the HOAC Foods Offer?

HOAC Foods offer lot size is 3,000 shares.

What is HOAC Foods IPO GMP today?

HOAC Foods IPO GMP today is INR 165 per share.

What is the HOAC Foods kostak rate today?

HOAC Foods kostak rate today is INR NA per application.

What is HOAC Foods Subject to the Sauda rate today?

HOAC Foods is Subject to the Sauda rate today is INR 1,72,000 per application.


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